Reuters has two-day jump on bullish aviation orders forecast
07.21.2010
Shares in plane maker EADS rose 2 percent on July 21, the morning after the sales chief of its Airbus unit told Reuters on the sidelines of the Farnborough Airshow that Airbus would exceed its previous orders target by around a third to reach 400. On July 22 shares in EADS and rival Boeing soared more than 5 percent and added fuel to a broader market rally as the market digested a higher-than-expected tally of orders at Farnborough and the increase in the Airbus orders target for 2010, officially reiterated at a news conference. A trader told our European stocks team: `I really wish I had bought shares in EADS before the Airbus announcement.”